Market Timing Update - 02/23/2006

Market Timing for Traders and Investors - 1017 EST

Additional downward movement is likely to at least cover yesterday's opening gap in the S&P 500 futures, SPh06, at 1285. If we see a reversal before covering that gap it will assuredly have to be to new recent highs very quickly, or we would expect that the index will simply return to the range of yesterday's highs. Then it would likely trade sideways to upward into the time loci mentioned previously.

A frustrating morning, isn't it? Here is where discipline and patience will help to maintain profits and clarity of purpose.

Good Trading and God bless

W. B. Busin

Market Timing Update - 02/23/2006

Market Timing for Traders and Investors - 0949 EST

We have exited all index positions. The first downward support level is at SPX 1285.50, NDX 1660 and Dow 11085.

Currently, the Dow and SPX have penetrated those levels while NDX has held up so far today.

More later, after the opening action is settled.

Good Trading and God bless

W. B. Busin

Edited at 0959 EST -

We are looking at the opening gap at YMh06 11080 for yesterday's Dow futures as a target level for reversal upwards.

Market Timing for Traders – 02/23/2006

Timing Market Turns - posted at 0917 EST

Market Timing for Traders

Market Timing for Traders and Investors –
The indexes’ price structure and volume structure are weakening by the end of each session. This common as markets approach a time locus. Some indexes, specifically the weak ones, will turn before the time loci arrive.

We contemplate taking at least 50% profits today on both investor and swing positions, IF and only if, there is a touch of SPX 1292.10. We believe that it is quite likely to occur in the morning session. The sell stop on the balance of the positions is also very tight at SPX 1291.20.

For anyone wondering why we are possibly exiting before the time locus points of February 24th/27th, it is our practice of sound money management discipline and trade practices that we are practicing in this strategy at the end of a profitable trade.

We will update here immediately when we either or both trades are executed. But you will see the ‘touches’ of our stop levels as the market trades.

There is a possibility (which I will discuss after seeing today and tomorrow’s market actions) that the time loci coming up Friday and Monday are lows, or another configuration. Do not gamble on it – the projection is still for a high.

Good Trading and God bless

W. B. Busin

Market Timing - 02/20/2006

Timing for Swing Traders- No change - still 100% long

Timing for Investors - No change - still 100% long


We still believe that the February 24th/27th time locus dates point towards a high for the SPX and the Dow. The weakness of the NDX is evident as it is lagging in structure and price movement. ETF traders might consider SPY and DIA vehicles as more rewarding.

Alternatively, that NDX weakness will be prized in the near future as we see the market indexes make their respective tops. The NDX derivatives will most likely move downward faster and perhaps at a greater relative percentage rate than the senior indexes and their derivatives.

Blog Housekeeping - The 'Comment' tool is available for use as questions arise. I will answer them on the blog but will not publish your identity if you don't want. Just write something like - Don't Publish. All comments submitted are moderated, meaning that they are looked at by us before ever appearing on the blog.

We will soon have a website and email function for readers - we hope it is this week. Excuse our apparent awkward internet skills. We are receiving excellent help and advice from professionals in this medium. They are not the issue. It is our climb up the learning curve toward internet self-sufficiency that is just now beginning to accelerate.

Good Trading and God bless

W. B. Busin